First Hawaiian Bank Has $5.61 Million Stock Holdings in American Express (NYSE:AXP)

First Hawaiian Bank lowered its holdings in American Express (NYSE:AXP) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,905 shares of the payment services company’s stock after selling 1,791 shares during the quarter. First Hawaiian Bank’s holdings in American Express were worth $5,611,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Prospera Private Wealth LLC acquired a new stake in shares of American Express in the third quarter worth $27,000. Kennebec Savings Bank acquired a new stake in American Express in the 3rd quarter worth $29,000. True Wealth Design LLC increased its holdings in shares of American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of American Express in the third quarter valued at about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Express during the third quarter worth about $46,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. TD Cowen upped their price target on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Morgan Stanley upped their target price on shares of American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Bank of America upped their target price on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Express from $286.00 to $301.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $272.64.

American Express Price Performance

Shares of NYSE AXP traded up $0.78 during trading hours on Wednesday, hitting $302.80. 1,610,630 shares of the stock were exchanged, compared to its average volume of 2,058,616. The company’s fifty day simple moving average is $295.23 and its two-hundred day simple moving average is $268.18. The company has a market cap of $213.31 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a 1-year low of $177.81 and a 1-year high of $307.82.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. During the same period in the previous year, the firm posted $3.30 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.92%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Insider Buying and Selling

In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,998 shares of company stock worth $26,423,439 in the last ninety days. Company insiders own 0.12% of the company’s stock.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.